Shahzad Textile Mills Limited reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was PKR 1,638.22 million compared to PKR 2,403.49 million a year ago. Net loss was PKR 82.57 million compared to net income of PKR 117.89 million a year ago. Basic loss per share from continuing operations was PKR 4.59 compared to basic earnings per share from continuing operations of PKR 6.56 a year ago.
For the six months, sales was PKR 3,696.91 million compared to PKR 4,443.93 million a year ago. Net loss was PKR 76.6 million compared to net income of PKR 293.78 million a year ago. Basic loss per share from continuing operations was PKR 4.26 compared to basic earnings per share from continuing operations of PKR 16.35 a year ago.